Tele2 (OTCMKTS:TLTZY) Given Consensus Rating of “Buy” by Analysts

Tele2 (OTCMKTS:TLTZY) has been given an average rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and three have given a strong buy rating to the company.

Several equities research analysts have recently weighed in on TLTZY shares. Zacks Research raised shares of Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Tele2 in a report on Tuesday, April 21st. Finally, Citigroup lowered shares of Tele2 from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th.

Tele2 Stock Performance

OTCMKTS TLTZY opened at $8.37 on Friday. The company has a market cap of $11.47 billion, a P/E ratio of 10.72 and a beta of 0.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.03. The business’s 50 day moving average price is $9.56 and its 200-day moving average price is $9.64. Tele2 has a fifty-two week low of $6.88 and a fifty-two week high of $11.61.

Tele2 (OTCMKTS:TLTZY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.40. The company had revenue of $764.89 million during the quarter, compared to the consensus estimate of $775.46 million. Tele2 had a return on equity of 44.93% and a net margin of 34.19%. Sell-side analysts predict that Tele2 will post 0.83 earnings per share for the current year.

Tele2 Company Profile

Tele2 AB is a European telecommunications company headquartered in Kista, Sweden. Since its founding in 1993, the firm has developed into a full-service provider of voice, data and multimedia solutions for both consumer and business markets. Its core offerings include mobile telephony, fixed and mobile broadband, voice over IP, digital television services and data network solutions, alongside emerging Internet of Things (IoT) and machine-to-machine connectivity products.

Tele2 operates primarily across the Nordic and Baltic regions, with key markets in Sweden, Estonia, Latvia and Lithuania.